Last weekend, Porsche has confirmed that the German sports carmaker has dropped plans to build a two-seater vehicle which would have been smaller and cheaper than its Boxster model, in Stuttgarter Zeitung report published over the weekend, citing Chief Executive Officer Matthias Mueller.
“We would do no good to the brand if we were to lose traditional Porsche customers” by pursuing a smaller Boxster model, the CEO was quoted as saying in an interview.
Furthermore, Mueller said Porsche also has no immediate plans to develop a smaller version of its four-door Panamera sedan, though he indicated that such a model could become an option in five or six years.
Based on the Reuters report, Porsche is aiming to increase annual deliveries to about 200,000 sports cars and SUVs by taking advantage of resources at Volkswagen. Europe’s largest auto manufacturer owns 49.9% of Porsche’s core business and is currently examining ways to purchase the remainder.